Housing Financing Fund

Housing Financing Fund (HFF)

The HFF is an independent government institution granting mortgage loans to individuals, municipalities, companies and organizations to finance housing purchase and construction work. The fund is financially independent and funds its lending and operations by its own income. The purpose of the fund is to ensure housing security and equality for all Icelanders through lending and organization of housing affairs and special investments in order to increase people´s opportunities of obtaining and leasing housing on controllable terms.

The Housing Financing Fund grants:

General housing and home improvement loans to individuals.

Loans for rental housing to municipalities, companies and organizations.

Related links

Articles

The Treasury bond series RIKH 18 1009 has been expanded by 33 b. kr. nominal amount. These measures by the Treasury aim to strengthen the Housing Finance Funds capital position. Total outstanding amount for the series is now 226,213,315,408 kr. nominal amount.

It has been established that the Housing Financing Fund (HFF) will require a capital injection from the Treasury to strengthen its capital position. An assessment of the Fund’s financial need is underway. Also in progress is the financial restructuring of the savings banks. It is expected that their financial need will be in line with previous estimates. The authorities aim to complete these tasks by the end of the current calendar year.

The financing will be carried out in a manner comparable to that used for other financial institutions in 2009. This will not affect the previously announced schedule for issuance of benchmark Treasury bonds in 2010.